Fund Accounting Manager

Consultative Search Group; Los Angeles (CA); On-site; USD 135,000 - 175,000; Full time

Job summary

A financial services firm in Los Angeles seeks an experienced Fund Accounting Manager to manage the books and records of private investment funds. Responsibilities include preparing financial reports, reconciling accounts, and ensuring compliance with accounting rules. The ideal candidate has 10-14 years of experience in accounting or audit and holds a Bachelor’s degree in Accounting or Finance. Attractive compensation offered: $135,000-$175,000 per year.

Qualifications

• Minimum 10-14 years relevant accounting or audit experience with a mix of Big Four public accounting and investment management industry experience.
• Strong knowledge of reconciliation and account analysis.
• Excellent understanding of accounting and relevant investment company accounting rules.

Responsibilities

• Preparing and maintaining the books and records of pooled private investment funds.
• Accounting for and reconciliation of cash, investments, and real property.
• Preparing monthly, quarterly, and annual financial reports to clients.

Skills

Accounting

Reconciliation

Analytical skills

Communication

Microsoft Excel

Organizational skills

Education

Bachelor’s degree in Accounting or Finance

CPA

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

The Fund Accounting Manager will be responsible for maintaining the books and records for various private partnerships and accounts, as well as reporting to clients and the portfolio group.

Responsibilities Will Include

• Preparing and maintaining the books and records of pooled private investment funds organized as limited partnerships and/or separate accounts;
• Accounting for and reconciliation of cash, investments and real property;
• Recording and reconciling of purchase and sale transactions;
• Accounting for complex corporate actions;
• Estimating and posting of monthly closing accruals;
• Calculating of income and expense allocations to each partner, including updating of distribution waterfall based on the terms of the governing documents;
• Determining and preparing distributions and draw-downs;
• Preparing of monthly, quarterly, and annual financial reports to clients;
• Analyzing and calculating of performance metrics for partnerships/accounts as well as for each investment;
• Coordinating with funds’ independent auditors, custodians, prime brokers and fund administrators;
• Performing other tasks as required.

Qualifications

• Minimum 10-14 years relevant accounting or audit experience with a mix of Big Four public accounting and investment management industry experience;
• Strong knowledge of reconciliation and account analysis;
• Excellent understanding of accounting and the ability to apply relevant investment company accounting rules;
• Solid analytical skills and ability to understand and resolve complex problems; and
• Proficiency in Microsoft Excel, Word and PowerPoint.

Personal Attributes

• Self-motivated with strong attention to detail and excellent work ethic;
• Great organizational skills and is able to handle complicated work efficiently and effectively;
• Takes initiative to ask questions and detect problems;
• Superior written and verbal communication skills with the ability to work effectively both individually and as a team; and
• Ability to understand and resolve complex problems.

Education

Bachelor’s degree in Accounting or Finance. CPA a plus.

Many of our job openings can be viewed at https://jobs.crelate.com/portal/consultativesg

Compensation:
$135,000-$175,000 per year